FG targets 4m jobs from oil palm production

May 23rd, 2019

By Felix Khanoba

The Federal Government says it is putting modalities in place to create about four million jobs from oil palm production.

Permanent Secretary, Ministry of Industry, Trade and Investment, Mr. Sunday Edet Akpan, disclosed this at a Stakeholders Forum for the presentation of the draft Oil Palm Policy document value chain in Abuja.

A statement made available to newsmen on Wednesday by
Sorinolu Olayinka, Deputy Director in charge of Press, said the Permanent Secretary made it known that the Federal Government would do everything possible to reposition the Oil Palm sector.

Represented by the Director, Department of Commodity Produce and Inspectorate, Mrs. Omololu Ope-Ewe, the Permanent Secretary
emphasized that Oil Palm which once played a predominant role in the Gross Domestic Product (GDP) of the country now depends on imported ones to augment local production, which is just about 1 per cent GDP, unlike the contribution of 70 per cent GDP in the past.

He said the national oil palm policy would serve as a guide, regulate, protect and support both public and private investment in the sector.

Akpan called on stakeholders to put aside personal and organizational interest and consider the draft policy document bearing in mind the impact it would create on the economy.

He assured all stakeholders of government’s support for a robust oil palm industry that will be of immense benefit for all, adding that upon completion the draft document will be forwarded to the Federal Executive Council (FEC) for approval before it becomes a national policy.

Earlier, in her presentation, Mrs.Funmi Ilamah of the Management Strategy Advisory Ltd, disclosed that the policy document is very important to the producers of the crude palm oil, stressing that it remains a fundamental step towards strengthening and supporting the development of agriculture in Nigeria.

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